What would happen if a perfectly competitive firm decided to raise its prices by 1%?
a. The firm would increase revenues by 1%.
b. The firm would increase market share by 1%.
c. The firm would lose all of its market to its competitors.
d. The firm would put all of its competitors out of business.
c. The firm would lose all of its market to its competitors.
If a firm in a perfectly competitive market raises the price of its product by 1% (or even by a penny), it will lose all of its sales to competitors.
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Briefly discuss the following:
(a) Debt-equity swaps (b) IMF "conditionality" (c) LIBOR (d) Petrodollars
The market for money is in equilibrium
A) only if the non-money asset market is in equilibrium. B) whenever the economy is at potential GDP. C) when the cyclical unemployment rate is zero. D) the Fed achieves its target for the expected inflation rate.
The value of a country's exports is listed in its balance of payments account as a(n)
a. credit b. debit c. payment d. investment e. unilateral transfer
Why are most endangered species belong to common property?
What will be an ideal response?